H. Res. 1448: H.R. 5297 - Small Business Lending Fund Act of 2010

COMMITTEE ACTION: REPORTED BY A VOICE VOTE on Wednesday, June 16, 2010.
FLOOR ACTION:  ADOPTED BY A RECORD VOTE OF 237-179 AFTER AGREEING TO THE PREVIOUS QUESTION BY A RECORD VOTE OF 241-179 on Thursday, June 17, 2010.

MANAGERS:Perlmutter/Foxx

111th Congress 
2nd Session

H.RES 1448

[Report No. 111-508]

 

H.R. 5297 - Small Business Lending Fund Act of 2010

  1. Provides for further consideration of H.R. 5297 under a structured rule.  
     
  2. Provides that pursuant to House Resolution 1436 it shall be in order to consider the amendments printed in the report of the Committee on Rules accompanying this resolution as though they were the last two amendments printed in part C of House Report 111-506.

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RESOLUTION

Resolved, That during further consideration of the bill (H.R. 5297) to create the Small Business Lending Fund Program to direct the Secretary of the Treasury to make capital investments in eligible institutions in order to increase the availability of credit for small businesses, and for other purposes, pursuant to House Resolution 1436, it shall be in order to consider the amendments printed in the report of the Committee on Rules accompanying this resolution as though they were the last two amendments printed in part C of House Report 111-506.

SUMMARY OF AMENDMENTS PROPOSED TO BE MADE IN ORDER
(summaries derived from information provided by sponsors)

Sponsor

#

Description

Debate Time

1. Schrader (OR)

 

 

 

Would authorize the establishment of the Small Business Borrower Assistance Program which will create a fund for 7(a) loan borrowers to use if they need help paying the principal or interest payments of their small business loans.

(10 minutes)

2. Miller, Brad (NC), Baca (CA)

 

 

 

Would expand the definition of “small business lending” used in the bill to include loans made to small business concerns for the purpose of acquiring, constructing, or improving industrial, commercial, residential, or farm buildings.

(10 minutes)